Payroll Protection Program Loan

May 11, 2020May 11, 2020

Payroll Protection Program Loan

SBCC is pleased to announce that we are the recipients of a COVID-19 Small Business Administration (SBA) Stimulus Package Payroll Protection Program Loan. This loan is designed to provide incentives to small businesses and nonprofits to keep their employees on the payroll. The SBA will forgive the loan if all employees are kept on the payroll for eight weeks, and the proceeds are used for payroll, rent, mortgage interest or utilities.

As you may recall, because of the COVID-19 effects on the organization, we made the difficult decision to reduce our Program Manager, Diane Burns’ hours; this loan will allow us to restore Diane to her previous status.